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Bernstein sees 71% upside for Coinbase
The Block·
Bernstein analysts are optimistic about Coinbase's "everything exchange" strategy, noting progress in diversifying revenue streams beyond spot crypto trading. Despite weaker first-quarter results impacted by market conditions, the firm maintained an outperform rating and a $330 price target, suggesting significant upside potential. Coinbase's efforts in derivatives, prediction markets, and payments are reportedly starting to generate meaningful revenue, signaling a positive long-term outlook for the company's broader business model.
Tickers
$COIN
Tags
fintech
crypto
earnings
Original Source
The Block — theblock.co